Fed Risks Curb Dollar Sell-Off Despite Fundamental Weakness
The imbalance in the policy rhetoric of the Fed and the ECB continues to widen, only this time the ECB is more hawkish, which cannot but prop up EURUSD. After a week of doubts, the pair tried to renew the rally pushing through the 1.09 level. However, later during the London session, the dollar began […]
We could see another USD/JPY sell-off of roughly 3% – Goldman Sachs
As markets brace for Wednesday’s Bank of Japan (BoJ) monetary policy meetings, multiple investment banks and analysts convey their forecasts for the USD/JPY pair that’s been lately gaining more attention, especially after the BoJ’s tweak to the Yield Curve Control (YCC). Analysts at Goldman Sachs (GS) are from the same lot and anticipate the Yen […]
Juggles around 140.00 after a vertical sell-off
The formation of Double Top amid less buying interest led to a sheer fall in the Euro bulls. EUR/JPY is hovering around the critical support at 140.00 and an absence of follow-up buying indicates the Japanese Yen’s strength. A bear cross, represented by the 20 and 50-EMAs, adds to the downside filters. The EUR/JPY pair […]
EUR/USD breaks above 1.0600 on USD sell-off after weak ISM
US Dollar under pressure across the board amid risk appetite and falling yields. US: A weak ISM Service sector report follows larger than expected increase in NFP. EUR/USD having best day in a month, still down for the week. The EUR/USD jumped above 1.0600 amid a sharp reversal of the US Dollar that tumbled across […]